Audit Link, a new division of West Michigan-based CUSO CU*Answers, announced a successful conclusion to the 2008 fiscal year, surpassing client growth expectations by 100%.
CU*Answers says this unique division was created to assist credit unions utilizing its CU*BASE system in being better prepared to face growing daily compliance and internal auditing requirements. Daily monitoring activities are completed by the team of Audit Link specialists, allowing the credit union to redirect its internal staff to other important activities. Audit Link features a consistent stream of audit reports presented to each client’s management team, and delivers a high level of internal audit processes for which many credit unions have been lacking.
Jim Vilker, Business Manager of Audit Link, says “The enthusiasm of client’s utilizing this service has exceeded our 2008 growth projections by 100%. We currently have 20 credit union’s either using Audit Link, or contracted to start during the first quarter. This service is a great example of how credit unions can collaborate to craft a service as based upon a common need, reducing everyone’s cost and redirect various staff to better serving members.”